Friday, February 26, 2010
AIG Ditches Payback Plan as Outlook Improves
American International Group Inc. and its federal overseers have decided to scrap a plan to use cash flows from life-insurance policies to repay $8.5 billion in debt to the Federal Reserve Bank of New York, according to people familiar with the matter.
The decision, which comes as AIG prepares to report fourth-quarter results Friday, follows a market recovery over the past year that could improve the government-controlled insurer's chances of repaying its debts to U.S. taxpayers...
WSJ: AIG Ditches Payback Plan as Outlook Improves
The decision, which comes as AIG prepares to report fourth-quarter results Friday, follows a market recovery over the past year that could improve the government-controlled insurer's chances of repaying its debts to U.S. taxpayers...
WSJ: AIG Ditches Payback Plan as Outlook Improves
Permalink posted by markw @ 4:37 AM 
 |
 |  |
  |
